Overview

Raised to Date: Raised: $50,930

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Wefunder

Start Date

04/27/2023

Close Date

08/31/2023

Min. Goal

$50,000

Max. Goal

$1,235,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    

Early Bird Val. Cap

$3,000,000

Valuation Cap

$4,000,000

Discount

0%

Venture Capital Investors:

University of Cincinnati Technology Accelerator for Commercialization

Rolling Commitments ($USD)

Status

Funded

Reporting Date

09/02/2023

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$407

# of Investors

30

Momentum

Funded

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Clean Earth Rovers

Year Founded

2019

Industry

Energy, Power, & Natural Resources

Tech Sector

AutomationTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

CINCINNATI, Ohio

Business Type

Growth

Company Website

Clean Earth Rovers, with a valuation of $4 million, is raising funds on Wefunder. The company is building a comprehensive water quality monitoring network for coastal water management using smart monitoring and autonomous vessels. The aim of the company is to empower coastal communities and municipalities to make informed decisions regarding the health of their coastal waterways. Clean Earth Rovers is led by an experienced team and has $300,000 in contracts in Q1 2023. Michael Arens and David Constantine founded Clean Earth Rovers in May 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for salaries, production, operations, IP filings, product inventory, and revenue growth.

Summary Profit and Loss Statement

	FY 2022	FY 2021
Revenue	$0	$0
COGS	$0	$0
Tax	$0	$0
Net Income	$-66,684	$-14,301

Summary Balance Sheet

	FY 2022	FY 2021
Cash	$42,435	$804
Accounts Receivable	$0	$0
Total Assets	$42,435	$804
Short-Term Debt	$15,066	$6,751
Long-Term Debt	$100,000	$0
Total Liabilities	$115,066	$6,751

Financials as of: 04/27/2023

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Clean Earth Rovers Founder Michael Arens on Automating Water Management

Water pollution is a big problem. And like most pollution problems, it’s difficult to tackle on a large scale. 

Clean Earth Rovers is trying to address this problem head on using small water-monitoring buoys and autonomous cleaning vessels. The buoys monitor water on a small scale to identify pollution, and the cleaning vessels are dispatched to clean it up. We sat down with Clean Earth Rovers founder Michael Arens to learn more about how the company is empowering municipalities and coastal communities to make informed decisions about the health of their coastal waterways.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview